RLB OOe May Take 5% Stake in Austria Metall in Initial Offering

March 23 (Bloomberg) -- Raiffeisenlandesbank
Oberoesterreich AG may buy at least 5 percent of Austria
Metall’s shares during the Austrian alluminum maker’s initial
public offering.

RLB OOe Chief Executive Officer Ludwig Scharinger was
granted a seat in the supervisory board of AMAG under the
suspending condition that the bank take a stake of at least 5
percent in the company during its IPO, according the minutes of
AMAG’s extraordinary shareholder meeting on March 21.

The condition must be fulfilled by April 15, according to
the minutes, which were published in Austria’s company register
today.

  

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